IDA – City of Poughkeepsie Industrial Development Agency » IDA » Industrial Development Agency Public Hearing – July 22, 2020

Industrial Development Agency Public Hearing – July 22, 2020

Notice of Public Hearing

NOTICE IS HEREBY GIVEN that a public hearing pursuant to Title 1 of Article 18-A of the New York State General Municipal Law (the “Act”), will be held by the City of Poughkeepsie Industrial Development Agency (the “Agency”) on Wednesday, July 22, 2020, at 5:30 p.m., local time, at Common Council Chambers, Poughkeepsie City Hall, 62 Civic Center Plaza, 3rd Floor, Poughkeepsie, New York 12601, in connection with the matter described below. PLEASE NOTE the special hearing logistics and instructions included at the end of this notice.

141 NORTH WATER STREET, LLC a New York limited liability company or an entity formed or to be formed by or on behalf of the foregoing (the “Company”), has applied to the Agency to enter into a transaction (the “Project”) consisting of: (i) the Agency taking title, possession or control (by deed, lease, license or otherwise) of an approximately 1.01-acre parcel of vacant land at 141 North Water Street in the City of Poughkeepsie, New York (the “Land”); (ii) the construction on the Land of an approximately 16-unit, four-story luxury rental apartment building containing in the aggregate approximately 29,900 square feet of space (the “Improvements”); and (ii) the acquisition and installation by the Company in and around the Land and the Existing Improvements of items of equipment, machinery and other tangible personal property (the “Equipment”; and, together with the Land, the “Facility”).

The Agency will acquire a fee or leasehold interest in the Facility, and will lease or sublease the Facility and the furnishings, fixtures and equipment located therein to the Company. The Agency contemplates that it will provide financial assistance to the Company in the form of (i) exemptions from sales and use taxes otherwise payable upon the purchase or lease of materials, furnishings, fixtures and equipment, and other taxable personal property, and (ii) exemptions from mortgage recording taxes to the extent permitted by applicable law in connection with the acquisition, financing, construction financing and/or permanent financing, or any subsequent refinancing, of the costs of the acquisition, renovation, construction, reconstruction, reconstruction, refurbishing and equipping of the Facility in order to accomplish the purposes of the Project and in accordance with the Agency’s Uniform Tax Exemption Policy (collectively, the “Financial Assistance”).

PLEASE NOTE SPECIAL PUBLIC HEARING CONDUCT INSTRUCTIONS AND INFORMATION

In accordance with Section 859-a of the Act, a representative of the Agency will be at the above-stated time and place to present a copy of the Company’s project Application, which is also available for viewing on the Agency’s website at:

https://cityofpoughkeepsie.com/ida/

However, given the ongoing COVID-19 public health crisis and related Executive Orders issued by Governor Andrew M. Cuomo, the Agency will not be able to accommodate any in-person public attendance or participation at this hearing. Nonetheless, and in furtherance of the provisions of Section 859-a of the Act requiring interested parties be provided a reasonable opportunity, both orally and in writing, to present their views with respect to the Project, the Agency will broadcast the Public Hearing live on an audio conference through Webex with oral comments accepted on that platform in real time via conference bridge at telephone number: United States Toll (New York City) +1-646-992-2010 or United States Toll +1-415-655-0002 and meeting ID 711 687 910. The Agency also encourages all interested parties to submit written comments to the Agency, which will be included within the public hearing record. Any written comments may be sent to City of Poughkeepsie Industrial Development Agency, Attention: Melanie Vetter, Chair, c/o 28 Garfield Place, Poughkeepsie, New York 12601, and/or via e-mail at [email protected] with the “Subject” line being “141 North Water Street Project”, no later than Wednesday, July 22, 2020.

Dated: July 9, 2020

CITY OF POUGHKEEPSIE INDUSTRIAL DEVELOPMENT AGENCY
By: Melanie Vetter
Title: Chair

Meeting Notice      

NOTICE IS HEREBY GIVEN, that a regular meeting of the City of Poughkeepsie Industrial Development Agency (the “Agency”) has been scheduled for Wednesday, July 22, 2020, at 5:30 p.m. at Common Council Chambers, Poughkeepsie City Hall, 62 Civic Center Plaza, 3rd Floor, Poughkeepsie, New York 12601.

PLEASE NOTE SPECIAL INSTRUCTIONS AND INFORMATION:

Given the ongoing COVID-19 public health crisis and related Executive Orders issued by Governor Andrew M. Cuomo, the Agency will not be able to accommodate any in-person public attendance or participation at this meeting.  Nonetheless, pursuant to Governor Cuomo’s Executive Order 202.1, as extended most recently by Executive Order 202.48, issued on July 6, 2020, suspending the Open Meetings Law and authorizing the conduct of meetings through use of telephone conference, video conference and/or other similar service, the Agency will broadcast the meeting live on an audio conference through Webex via conference bridge at telephone number: United States Toll (New York City) +1-646-992-2010 or United States Toll +1-415-655-0002 and meeting ID 711 687 910

Agenda

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July 22, 2020 - Agenda

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July 22, 2020 - Minutes

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  • Call to Order
  • Roll Call
  • Approval of Agenda
  • Reading and Approval of Minutes (previous meeting)
  • Budget Update
  • Invoice Payment Resolution
  • City of Poughkeepsie Repayment Resolution
  • Verizon Tower/Dutton Resolution
  • 141 Water Street Presentation
  • Public Hearing on 141 North Water Street
  • 141 North Water Street Sales and Mortgage Tax Exemption Resolution
  • Resolution for Application Change
  • Resolution for UTEP Change
  • Adjourn Meeting

Proposed Resolutions

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Resolution Approving Payment of City Portion of Administrative Fees

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Resolution Approving Payment of Invoices

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Resolution Notice of of UTEP Revision (July 17, 2020)

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Project Authorizing Resolution - 141 N. Water Street

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Resolution Approving Adoption of UTEP Revisions

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Resolution Approving Adoption of Amended Uniform Application for Financial Assistance

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Resolution Approving Payment of Invoices

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Resolution One Dutchess Avenue Sublease Approval

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